The sales manager for video Distributing Company has estimated demand for a new
ID: 3381580 • Letter: T
Question
The sales manager for video Distributing Company has estimated demand for a new 15-piece cutlery set will be between 0 and 2 units per day. He believes the probability of selling no sets is .65, of one set is .25, and two sets is .10. The company is interested in sales over a two day period, assuming sales from day to day are independent. Using Scenario 6, What is the probability of selling no sets during the two days? Using Scenario 6, What is the probability of selling one set during the two days? Using Scenario 6, What is the probability of selling three or more sets during the two days? Using Scenario 6, What is the probability of selling two sets during the two days?Explanation / Answer
The sales manager for video Distributing Company has estimated demand for a new
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